Riyadh, June 17, 2024 — The Public Investment Fund (PIF) of Saudi Arabia has made a significant move in the aviation industry by acquiring a 10% stake in FGP TopCo, the parent company of Heathrow Airport in London. This strategic investment comes as part of a broader shareholder restructuring.
Restructuring Details
- Ferrovial Sells Entire Stake: Spanish infrastructure company Ferrovial has divested its entire 25% stake in FGP TopCo. This decision reflects Ferrovial’s realignment of its investment portfolio.
- Ardian Acquires Remaining 15%: French private equity firm Ardian stepped in to acquire the remaining 15% stake. This move underscores Ardian’s confidence in the long-term prospects of Heathrow Airport.
PIF’s Global Strategy
The acquisition aligns with PIF’s vision as a long-term investor supporting global businesses. Heathrow Airport, one of the world’s busiest air traffic hubs, plays a pivotal role in connecting the United Kingdom with international trade partners. By securing a stake in Heathrow, Saudi Arabia aims to stimulate economic growth and enhance its position in the global aviation landscape.
